0001628280-24-009151.txt : 20240305 0001628280-24-009151.hdr.sgml : 20240305 20240305191137 ACCESSION NUMBER: 0001628280-24-009151 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240301 FILED AS OF DATE: 20240305 DATE AS OF CHANGE: 20240305 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Hsieh Jackson CENTRAL INDEX KEY: 0001684096 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-12504 FILM NUMBER: 24723498 MAIL ADDRESS: STREET 1: 2727 N HARWOOD STREET, SUITE 300 CITY: DALLAS STATE: TX ZIP: 75201 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: MACERICH CO CENTRAL INDEX KEY: 0000912242 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 954448705 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 401 WILSHIRE BLVD STREET 2: STE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401 BUSINESS PHONE: 3103946000 MAIL ADDRESS: STREET 1: 401 WILSHIRE BLVD SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401 4 1 wk-form4_1709683885.xml FORM 4 X0508 4 2024-03-01 0 0000912242 MACERICH CO MAC 0001684096 Hsieh Jackson 401 WILSHIRE BLVD. STE 700 SANTA MONICA CA 90401 1 1 0 0 President and CEO 0 LTIP Units 2024-03-01 4 A 0 138634 0 A Common Stock 138634 138634 D LTIP Units 2024-03-01 4 A 0 304692 0 A Common Stock 304692 443326 D Represents units of limited partnership interest in The Macerich Partnership, L.P. (the "Partnership"), of which the Issuer is the general partner, issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes and time vesting, each LTIP Unit may be converted into a common unit of limited partnership interest in the Partnership (a "Common Unit"). Each Common Unit acquired upon conversion of a LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of a share of the Issuer's common stock, except that the Issuer may, at its election, acquire each Common Unit so presented for one share of common stock. The rights to convert LTIP Units to Common Units and redeem Common Units do not have expiration dates. LTIP Units vest one-third on December 31, 2024, one-third on December 31, 2025 and one-third on December 31, 2026. Sign-On LTIPs vest over five years on the following schedule: 50% on 3/1/2027, 25% on 3/1/2028, and 25% on 3/1/2029 Michelle Raff for Jackson Hsieh 2024-03-05